Question

A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction. a) True b) False c) Depends on the contract d) None of the above

Answer 1

a) True

A forum-selection clause is a contractual provision that specifies the jurisdiction or venue where any disputes arising from the contract will be resolved. These clauses are commonly included in contracts to determine the appropriate court or jurisdiction for litigation or arbitration if a dispute arises. By including a forum-selection clause, the parties agree in advance on the specific jurisdiction where any contract-related disputes will be settled. This helps provide clarity and predictability in case of a dispute and avoids potential jurisdictional conflicts.